Deep eutectic solvents (DES) have emerged as promising solutions in many areas of chemistry. DES have many of the advantages of ionic liquids (e.g., low vapor pressure, nonflammability, tunability, etc.) but have lower costs, straightforward syntheses, and are often biodegradable. In this minireview, we discuss briefly the applications of DES in areas such as biotransformations, organocatalysis, and combinations of these that lead to multistep processes. DES can be used as solvents, cosolvents, performance additives for bio‐ and organocatalysis, tools to anchor organocatalysts selectively, or for extraction/separation. Several DES have been used both as solvents and organocatalysts at the same time. Given their promising features, it may be expected that many applications in these areas will appear in the coming years.